Why are U.S. corporations shifting more and more of their total ...

[Evvie72]

Why are U.S. corporations shifting more and more of their total assets outside the United States? What are the consequences of the shift in production to other countries?
 
  What will be an ideal response?

Question 2

What did Karl Marx mean when he discussed the inherent contradictions of capitalism? What has the passage of time shown us about those hypothetical contradictions?
 
  What will be an ideal response?

[angrybirds13579]

Answer to Question 1

Ideal Answer The ideal answer should include the following:
1. Outline the three main reasons U.S. multinationals move offshore. Students should touch on increased profits, cheaper production and labor costs, and lax labor and safety laws.
2. Describe the consequences to semiskilled and unskilled laborers in the United States.
3. Describe how this increases the power of transnational companies. Students should mention the twin processes of concentration and internationalizatio n.
4. Conclude with a discussion of the interplay between transnational companies and foreign governments.

Answer to Question 2

Ideal Answer The ideal answer should include the following:
1. Describe how Marx conceptualized the role of the economy to society.
2. Define capitalism as an economic system. Describe how this system is maintained.
3. Describe the four contradictions inherent in capitalism.
4. Conclude with examples of the evolution of economic systems using historical examples.